Filing for bankruptcy is a critical, difficult decision that can have long-lasting repercussions. While it is possible to file for bankruptcy while representing yourself, it is wise to consult with a bankruptcy lawyer to ensure you’re making the right decisions and your case will be properly presented to the court.

Arnold Law Offices in Pell City, AL, represents private clients in both Chapter 7 (liquidation) and Chapter 13 (debt reorganization) bankruptcy filings. They have a few questions you should ask your bankruptcy lawyer to make sure your case is on the right track.

Am I Qualified To File For Bankruptcy?

Not everyone can file for bankruptcy. If you’ve had a previous bankruptcy, you need to go through a waiting period before filing again. In some cases, an individual may have too much money to file for bankruptcy; individuals must pass a “means test” to determine whether they qualify. An experienced bankruptcy lawyer like those at Arnold Law Offices will help you determine your eligibility.

What Type Of Bankruptcy Should I File?

The two most common types of bankruptcy filed by individuals are Chapter 7 and Chapter 13.

Chapter 7 bankruptcy involves the liquidation of your non-essential assets. While you may be able to keep your house or car, provided that you can continue to make payments, any other non-exempt property is subject to liquidation. In exchange, most of your unsecured debts will be discharged permanently.

Chapter 13 bankruptcy involves a court-supervised restructuring of your debt, in which there is a chance that some of your property will have to be surrendered. Your current debt will be assessed, and the court will develop a plan under which you must repay your creditors.

How Experienced Are You With Bankruptcies?

Your lawyer’s experience will go a long way toward smoothing your bankruptcy process, so ask how often he or she files bankruptcy cases. Each bankruptcy is different, so ask whether your lawyer has dealt with any cases similar to yours.

If you live in Alabama and need an experienced bankruptcy lawyer in St. Clair, Blount, or Talladega counties, call Arnold Law Offices at (205) 338-6565 to schedule an appointment. Go on their website for more information, including frequently asked questions, to find out whether bankruptcy is right for you.